Tim Culpan, Columnist

TSMC's Outlook Masks Reality

The world's biggest maker of custom chips hit a strong patch. One cheer.
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Don't get too excited about Taiwan Semiconductor's stellar earnings and rather optimistic outlook for the coming quarter.

Revenue for the three months to Sept. 30 will be NT$254 billion to NT$257 billion ($7.9 billion to $8 billion), the world's biggest custom manufacturer of chips told investors Thursday, the midpoint of which is 2.16 percent higher than analyst estimates. The guidance comes after both sales and profit for the second quarter beat expectations.